Monroe Capital Provides $37.1 Million to LAI International
Chicago, IL, February 28, 2012
Monroe Capital LLC today announced the funding of a $37.1 million unitranche facility and an equity co-investment to support the acquisition of LAI International by RLJ Equity Partners.
LAI International is a leading provider of comprehensive precision engineered finished parts, components and subassemblies for aerospace, power generation, defense, medical, electronics and other advanced technology industries. The company’s best-in-class manufacturing solutions are essential to the performance of airframes, aircraft engines, gas turbines, defense systems and other mission-critical applications.
Rufus Rivers, Managing Director of RLJ Equity Partners, stated, “Monroe Capital demonstrated their ability to provide flexible capital as our capital structure was modified during the due-diligence process. The unitranche facility was the perfect financing solution to enable us to successfully complete our acquisition. We look forward to executing our business plan with the continued support of Monroe Capital.”
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital, visit www.monroecap.com.